Northwest Pipe (NASDAQ:NWPX – Get Free Report) released its earnings results on Wednesday. The industrial products company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.09, Zacks reports. Northwest Pipe had a return on equity of 8.47% and a net margin of 6.12%.
Northwest Pipe Stock Down 0.3 %
Shares of NASDAQ:NWPX traded down $0.16 during trading on Wednesday, hitting $48.02. 43,588 shares of the company’s stock traded hands, compared to its average volume of 77,278. The company has a current ratio of 3.20, a quick ratio of 2.27 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average price of $49.22 and a 200-day moving average price of $47.98. Northwest Pipe has a 52 week low of $28.57 and a 52 week high of $57.76. The company has a market cap of $476.31 million, a price-to-earnings ratio of 16.33, a price-to-earnings-growth ratio of 2.85 and a beta of 1.05.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on NWPX. Northland Securities upped their price target on Northwest Pipe from $50.00 to $55.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. Northland Capmk downgraded shares of Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, StockNews.com cut shares of Northwest Pipe from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th.
Northwest Pipe Company Profile
Northwest Pipe Company, together with its subsidiaries, engages in the manufacture and supply of water-related infrastructure products in North America. It operates in two segments, Engineered Steel Pressure Pipe (SPP) and Precast Infrastructure and Engineered Systems (Precast). The SPP segment offers large-diameter and high-pressure steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems.
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